Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.77, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Machinery industry in Malaysia. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.01 per share. Reported Earnings • May 23
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: RM0.076 (down from RM0.089 in FY 2025). Revenue: RM601.0m (up 7.0% from FY 2025). Net income: RM52.3m (flat on FY 2025). Profit margin: 8.7% (down from 9.3% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to RM1.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Machinery industry in Malaysia. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.60 per share. Buy Or Sell Opportunity • May 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to RM1.12. The fair value is estimated to be RM1.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Buy Or Sell Opportunity • Mar 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to RM1.18. The fair value is estimated to be RM1.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Reported Earnings • Feb 25
Third quarter 2026 earnings released: EPS: RM0.016 (vs RM0.028 in 3Q 2025) Third quarter 2026 results: EPS: RM0.016 (down from RM0.028 in 3Q 2025). Revenue: RM149.9m (down 2.8% from 3Q 2025). Net income: RM11.0m (down 30% from 3Q 2025). Profit margin: 7.4% (down from 10% in 3Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Second quarter 2026 earnings released: EPS: RM0.013 (vs RM0.025 in 2Q 2025) Second quarter 2026 results: EPS: RM0.013 (down from RM0.025 in 2Q 2025). Revenue: RM131.5m (down 4.1% from 2Q 2025). Net income: RM8.75m (down 33% from 2Q 2025). Profit margin: 6.7% (down from 9.5% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 21
Price target increased by 11% to RM2.40 Up from RM2.16, the current price target is an average from 2 analysts. New target price is 59% above last closing price of RM1.51. Stock is down 20% over the past year. The company is forecast to post earnings per share of RM0.09 for next year compared to RM0.089 last year. Upcoming Dividend • Sep 05
Upcoming dividend of RM0.028 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (2.5%). Announcement • Aug 25
BM Greentech Berhad Approves Payment of Final Single Tier Dividend for the Financial Year Ended 31 March 2025 BM GreenTech Berhad at its AGM held on 25 August 2025, approved a final single tier dividend of 2.75 sen per ordinary share amounting to MYR 18,914,400 for the financial year ended 31 March 2025. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non Executive Director Farah Binti Mohamed Sofian was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: RM0.089 (up from RM0.065 in FY 2024). Revenue: RM561.6m (up 28% from FY 2024). Net income: RM52.4m (up 56% from FY 2024). Profit margin: 9.3% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 26
Dividend increased to RM0.028 Dividend of RM0.028 is 22% higher than last year. Ex-date: 12th September 2025 Payment date: 30th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 24
BM GreenTech Berhad, Annual General Meeting, Aug 25, 2025 BM GreenTech Berhad, Annual General Meeting, Aug 25, 2025, at 10:00 Singapore Standard Time. Location: zamrud room, the saujana hotel kuala lumpur, saujana resort, jalan lapangan terbang saas, 40150 shah alam, selangor darul ehsan, Malaysia Reported Earnings • May 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: RM0.089 (up from RM0.065 in FY 2024). Revenue: RM561.6m (up 28% from FY 2024). Net income: RM52.4m (up 56% from FY 2024). Profit margin: 9.3% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Machinery industry in Malaysia. Total returns to shareholders of 73% over the past three years. Major Estimate Revision • Mar 04
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from RM471.0m to RM539.0m. EPS estimate increased from RM0.08 to RM0.09 per share. Net income forecast to grow 12% next year vs 22% growth forecast for Machinery industry in Malaysia. Consensus price target up from RM1.61 to RM1.99. Share price was steady at RM1.77 over the past week. Price Target Changed • Feb 26
Price target increased by 26% to RM1.99 Up from RM1.58, the current price target is an average from 2 analysts. New target price is 7.3% above last closing price of RM1.85. Stock is up 99% over the past year. The company is forecast to post earnings per share of RM0.09 for next year compared to RM0.065 last year. Reported Earnings • Feb 26
Third quarter 2025 earnings released: EPS: RM0.028 (vs RM0.011 in 3Q 2024) Third quarter 2025 results: EPS: RM0.028 (up from RM0.011 in 3Q 2024). Revenue: RM154.2m (up 51% from 3Q 2024). Net income: RM15.7m (up 170% from 3Q 2024). Profit margin: 10% (up from 5.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 23
Second quarter 2025 earnings released: EPS: RM0.025 (vs RM0.016 in 2Q 2024) Second quarter 2025 results: EPS: RM0.025 (up from RM0.016 in 2Q 2024). Revenue: RM137.1m (up 16% from 2Q 2024). Net income: RM13.0m (up 55% from 2Q 2024). Profit margin: 9.5% (up from 7.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year. Buy Or Sell Opportunity • Oct 28
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to RM1.79. The fair value is estimated to be RM2.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Announcement • Sep 12
BM GreenTech Berhad Approves Payment of Final Single Tier Dividend for the Financial Year Ended 31 March 2024 BM GreenTech Berhad at its general meeting held on September 12, 2024, approve the payment of a final single tier dividend of 2.25 sen per ordinary share amounting to MYR 11,610,000 for the financial year ended 31 March 2024. Upcoming Dividend • Sep 06
Upcoming dividend of RM0.022 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (1.9%). Major Estimate Revision • Sep 02
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM478.0m to RM529.9m. EPS estimate unchanged from RM0.08 at last update. Machinery industry in Malaysia expected to see average net income growth of 24% next year. Consensus price target broadly unchanged at RM1.58. Share price fell 4.9% to RM1.73 over the past week. Reported Earnings • Aug 02
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.065 (up from RM0.027 in FY 2023). Revenue: RM440.3m (up 17% from FY 2023). Net income: RM33.6m (up 139% from FY 2023). Profit margin: 7.6% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
BM GreenTech Berhad, Annual General Meeting, Sep 12, 2024 BM GreenTech Berhad, Annual General Meeting, Sep 12, 2024, at 10:00 Singapore Standard Time. Location: zamrud room, the saujana hotel kuala lumpur, saujana resort, jalan lapangan terbang saas, 40150 shah alam, selangor darul ehsan, Malaysia Major Estimate Revision • Jun 20
Consensus revenue estimates increase by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM471.8m to RM563.4m. EPS estimate unchanged from RM0.08 at last update. Machinery industry in Malaysia expected to see average net income growth of 19% next year. Consensus price target down from RM1.36 to RM1.26. Share price rose 3.0% to RM1.73 over the past week. Announcement • Jun 19
BM GreenTech Berhad (KLSE:BMGREEN) entered into a binding term sheet to acquire Plus Xnergy Holding Sdn. Bhd. from Ko Chuan Zhen, Oh Zhi Kang, Poh Tyng Huei, Oh Siang Hwa, Leong Beng Yew and Tenaga Wan Foong Sdn. Bhd. BM GreenTech Berhad (KLSE:BMGREEN) entered into a binding term sheet to acquire Plus Xnergy Holding Sdn. Bhd. from Ko Chuan Zhen, Oh Zhi Kang, Poh Tyng Huei, Oh Siang Hwa, Leong Beng Yew, Teng Chee Wai, Tew Boon Han, Mohd Azrin Bin Rahmaniand and Tenaga Wan Foong Sdn. Bhd. on June 18, 2024. The consideration consists of MYR 110 million based on 81.48 million common equity of BM GreenTech Berhad to be issued for common equity of Plus Xnergy Holding Sdn. Bhd. The deal requires the approval of the shareholders of BM GreenTech Berhad, Bursa Securities and all relevant approvals and consents. The deal is also subject to the approval of the Borad of Directors of Ql Green Resources Sdn Bhd and satisfactory due diligence. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.47, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Machinery industry in Malaysia. Total returns to shareholders of 43% over the past three years. Reported Earnings • May 29
Full year 2024 earnings released: EPS: RM0.065 (vs RM0.027 in FY 2023) Full year 2024 results: EPS: RM0.065 (up from RM0.027 in FY 2023). Revenue: RM440.3m (up 17% from FY 2023). Net income: RM33.6m (up 139% from FY 2023). Profit margin: 7.6% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM1.09, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Machinery industry in Malaysia. Total loss to shareholders of 13% over the past three years. New Risk • Apr 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM472.1m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 27
Third quarter 2024 earnings released: EPS: RM0.011 (vs RM0.003 in 3Q 2023) Third quarter 2024 results: EPS: RM0.011 (up from RM0.003 in 3Q 2023). Revenue: RM102.3m (up 22% from 3Q 2023). Net income: RM5.81m (up 335% from 3Q 2023). Profit margin: 5.7% (up from 1.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Reported Earnings • Nov 22
Second quarter 2024 earnings released: EPS: RM0.016 (vs RM0.007 in 2Q 2023) Second quarter 2024 results: EPS: RM0.016 (up from RM0.007 in 2Q 2023). Revenue: RM118.4m (up 19% from 2Q 2023). Net income: RM8.38m (up 147% from 2Q 2023). Profit margin: 7.1% (up from 3.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Price Target Changed • Nov 20
Price target increased by 9.9% to RM0.89 Up from RM0.81, the current price target is an average from 2 analysts. New target price is 9.6% below last closing price of RM0.98. Stock is up 35% over the past year. The company is forecast to post earnings per share of RM0.06 for next year compared to RM0.027 last year. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM472.1m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 26
Price target increased by 43% to RM0.90 Up from RM0.63, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RM0.92. Stock is up 19% over the past year. The company is forecast to post earnings per share of RM0.06 for next year compared to RM0.027 last year. Reported Earnings • Aug 25
First quarter 2024 earnings released: EPS: RM0.015 (vs RM0.006 in 1Q 2023) First quarter 2024 results: EPS: RM0.015 (up from RM0.006 in 1Q 2023). Revenue: RM100.8m (up 30% from 1Q 2023). Net income: RM7.62m (up 167% from 1Q 2023). Profit margin: 7.6% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 22
Upcoming dividend of RM0.018 per share at 1.9% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 64% and the cash payout ratio is 79%. Trailing yield: 1.9%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (2.6%). Reported Earnings • Jul 27
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.027 (down from RM0.033 in FY 2022). Revenue: RM377.7m (up 19% from FY 2022). Net income: RM14.1m (down 17% from FY 2022). Profit margin: 3.7% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 26
Full year 2023 earnings released: EPS: RM0.027 (vs RM0.033 in FY 2022) Full year 2023 results: EPS: RM0.027 (down from RM0.033 in FY 2022). Revenue: RM377.7m (up 19% from FY 2022). Net income: RM14.1m (down 17% from FY 2022). Profit margin: 3.7% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • May 26
Boilermech Holdings Berhad Proposes Final Single Tier Dividend in Respect of the Financial Year Ended 31 March 2023 The Board of Directors of Boilermech Holdings Berhad announced a proposed final single tier dividend of 1.75 sen per ordinary share amounting to RMB 9,030,000.00 in respect of the financial year ended 31 March 2023 subject to shareholders' approval at the forthcoming Annual General Meeting of the Company. The date of the dividend entitlement and date of payment will be determined at a later date. Price Target Changed • Mar 28
Price target decreased by 9.3% to RM0.65 Down from RM0.72, the current price target is an average from 2 analysts. New target price is 7.8% below last closing price of RM0.70. Stock is down 24% over the past year. The company is forecast to post earnings per share of RM0.03 for next year compared to RM0.033 last year. Reported Earnings • Feb 24
Third quarter 2023 earnings released: EPS: RM0.003 (vs RM0.01 in 3Q 2022) Third quarter 2023 results: EPS: RM0.003 (down from RM0.01 in 3Q 2022). Revenue: RM83.8m (down 14% from 3Q 2022). Net income: RM1.34m (down 73% from 3Q 2022). Profit margin: 1.6% (down from 5.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Non Executive Director Swee Ng was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 25
Second quarter 2023 earnings released: EPS: RM0.007 (vs RM0.007 in 2Q 2022) Second quarter 2023 results: EPS: RM0.007 (in line with 2Q 2022). Revenue: RM99.4m (up 59% from 2Q 2022). Net income: RM3.40m (down 9.6% from 2Q 2022). Profit margin: 3.4% (down from 6.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target decreased to RM0.74 Down from RM0.94, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of RM0.75. Stock is down 22% over the past year. The company is forecast to post earnings per share of RM0.028 for next year compared to RM0.033 last year. Upcoming Dividend • Aug 22
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 14 September 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (2.7%). Reported Earnings • Jul 27
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: RM0.033 (down from RM0.044 in FY 2021). Revenue: RM317.8m (up 34% from FY 2021). Net income: RM17.0m (down 24% from FY 2021). Profit margin: 5.3% (down from 9.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 6.5%, compared to a 35% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 26
Boilermech Holdings Berhad, Annual General Meeting, Aug 26, 2022 Boilermech Holdings Berhad, Annual General Meeting, Aug 26, 2022, at 10:00 Singapore Standard Time. Location: Zamrud Room, The Saujana Hotel Kuala Lumpur, Saujana Resort Jalan Lapangan Terbang SAAS, 40150 Shah Alam Darul Ehsan Selangor Malaysia Agenda: To consider Constitution of Boilermech; and the audited consolidated financial statements of Boilermech for the past two financial years ended 31 March 2021 and 31 March 2022. Announcement • Jul 23
Boilermech Holdings Berhad Proposes Final Dividend for Financial Year Ended 31 March 2022, Payable on September 14, 2022 Boilermech Holdings Berhad proposed final dividend of 1.75 sen per ordinary share for the financial year ended 31 March 2022, payable on September 14, 2022. Ex Date is August 29, 2022. Entitlement date is August 30, 2022. The dividend is subject to the shareholders' approval at the forthcoming 12th Annual General Meeting of the Company to be held on 26 August 2022.